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Outputs (57)

Capital structure and the issuance of corporate bonds in emerging Asia (2014)
Book Chapter
Mizen, P., Packer, F., Remolona, E., & Tsoukas, S. (2014). Capital structure and the issuance of corporate bonds in emerging Asia. In I. J. Azis, & H. S. Shin (Eds.), Global Shock, Risks, and Asian Financial Reform. Edward Elgar. https://doi.org/10.4337/9781783477944

In emerging Asia's local-currency bond market, the government bond segments have largely come of age while the corporate bond markets have remained immature. This paper focuses on the question of what drives corporate bond issuance, an issue of great... Read More about Capital structure and the issuance of corporate bonds in emerging Asia.

Robust and powerful tests for nonlinear deterministic components (2014)
Journal Article
Astill, S., Harvey, D. I., Leybourne, S. J., & Taylor, A. M. R. (2014). Robust and powerful tests for nonlinear deterministic components. Oxford Bulletin of Economics and Statistics, 77(6), https://doi.org/10.1111/obes.12079

We develop a test for the presence of nonlinear deterministic components in a univariate time series, approximated using a Fourier series expansion, designed to be asymptotically robust to the order of integration of the process and to any weak depen... Read More about Robust and powerful tests for nonlinear deterministic components.

Migration, friendship ties, and cultural assimilation (2014)
Journal Article
Facchini, G., Patacchini, E., & Steinhardt, M. F. (2015). Migration, friendship ties, and cultural assimilation. Scandinavian Journal of Economics, 117(2), https://doi.org/10.1111/sjoe.12096

We study migrants’ assimilation by analyzing whether friendship with natives is a measure of cultural assimilation and by investigating the formation of social ties. Using the German Socio-Economic Panel, we find that migrants with a German friend ar... Read More about Migration, friendship ties, and cultural assimilation.

How Much Influence does the Chinese State have Over CEOs and their Compensation? (2014)
Book Chapter
Bryson, A., Forth, J., & Zhou, M. (2014). How Much Influence does the Chinese State have Over CEOs and their Compensation?. In J. Ortega (Ed.), International perspectives on participation (1-23). Emerald. https://doi.org/10.1108/S0885-333920140000015001

All that we know about the CEO labour market in China comes from studies of public listed companies and State-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all industrial sectors of the Chi... Read More about How Much Influence does the Chinese State have Over CEOs and their Compensation?.

CEO Incentive Contracts in China: Why does City Location Matter? (2014)
Book Chapter
Bryson, A., Forth, J., & Zhou, M. (2014). CEO Incentive Contracts in China: Why does City Location Matter?. In J. Ortega (Ed.), International perspectives on participation (25-49). Emerald. https://doi.org/10.1108/S0885-333920140000015009

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of... Read More about CEO Incentive Contracts in China: Why does City Location Matter?.

Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms (2014)
Journal Article
Girma, S., Yundan, G., Holger, G., & Sandra, L. (2014). Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms. Journal of International Economics, 95(1), https://doi.org/10.1016/j.jinteco.2014.11.007

We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in a unifying... Read More about Estimating direct and indirect effects of foreign direct investment on firm productivity in the presence of interactions between firms.

Common reasoning in games: a Lewisian analysis of common knowledge of rationality (2014)
Journal Article
Cubitt, R. P., & Sugden, R. (2014). Common reasoning in games: a Lewisian analysis of common knowledge of rationality. Economics and Philosophy, 30(3), https://doi.org/10.1017/S0266267114000339

Abstract: We present a new class of models of players’ reasoning in non-cooperative games, inspired by David Lewis’s account of common knowledge. We argue that the models in this class formalise common knowledge of rationality in a way that is dis... Read More about Common reasoning in games: a Lewisian analysis of common knowledge of rationality.

Approximation for the conditional distribution of the MLE with application to autoregression (2014)
Journal Article
Marsh, P. (in press). Approximation for the conditional distribution of the MLE with application to autoregression. Advances and applications in statistics, 42(1),

The famous p* formula provides a higher-order approximation for the conditional distribution of the maximum likelihood estimator given an exact ancillary. By collating well known existing results including application of a formal higher-order expansi... Read More about Approximation for the conditional distribution of the MLE with application to autoregression.

Break date estimation for models with deterministic structural change (2014)
Journal Article
Harvey, D. I., & Leybourne, S. J. (2014). Break date estimation for models with deterministic structural change. Oxford Bulletin of Economics and Statistics, 76(5), https://doi.org/10.1111/obes.12037

In this article, we consider estimating the timing of a break in level and/or trend when the order of integration and autocorrelation properties of the data are unknown. For stationary innovations, break point estimation is commonly performed by mini... Read More about Break date estimation for models with deterministic structural change.